Ecological-economic viability as a criterion of strong sustainability under uncertainty

Baumgärtner, Stefan and Quaas, Martin (2009) Ecological-economic viability as a criterion of strong sustainability under uncertainty Ecological Economics, 68 (7). pp. 2008-2020. DOI 10.1016/j.ecolecon.2009.01.016.

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Abstract

Strong sustainability, according to the common definition, requires that different natural and economic capital stocks be maintained as physical quantities separately. Yet, in a world of uncertainty this cannot be guaranteed. To therefore define strong sustainability under uncertainty in an operational manner we propose to use the concept of viability. Viability means that the different components and functions of a dynamic, stochastic system at any time remain in a domain where the future existence of these components and functions is guaranteed with sufficiently high probability. We develop a unifying and general ecological-economic concept of viability that encompasses the traditional ecological and economic notions of viability as special cases. It provides an operational criterion of strong sustainability under a mild form of uncertainty and for medium spatial and temporal scales. We illustrate this concept and demonstrate its usefulness by applying it to livestock grazing management in semi-arid rangelands.

Publication: Ecological-Economic Viability as a Criterion of Strong Sustainability Under Uncertainty. Available from: https://www.researchgate.net/publication/46490456_Ecological-Economic_Viability_as_a_Criterion_of_Strong_Sustainability_Under_Uncertainty [accessed Apr 3, 2017].

Document Type: Article
Research affiliation: Kiel University
Refereed: Yes
DOI etc.: 10.1016/j.ecolecon.2009.01.016
ISSN: 09218009
Date Deposited: 03 Apr 2017 08:28
Last Modified: 03 Apr 2017 08:28
URI: http://eprints.uni-kiel.de/id/eprint/37353

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